Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) Director July Ndlovu bought 21,400 shares of Caledonia Mining stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $23.03 per share, for a total transaction of $492,842.00. Following the purchase, the director owned 250,489 shares of the company's stock, valued at approximately $5,768,761.67. This trade represents a 9.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Caledonia Mining Price Performance
Caledonia Mining stock opened at $23.45 on Tuesday. Caledonia Mining Corporation PLC has a 12-month low of $15.85 and a 12-month high of $38.75. The company has a current ratio of 5.73, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $19.62 and a 200-day moving average price of $23.38. The firm has a market capitalization of $452.82 million, a PE ratio of 6.72 and a beta of 0.67.
Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $0.54 by $0.82. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%. The company had revenue of $75.91 million for the quarter, compared to the consensus estimate of $82.00 million.
Caledonia Mining Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. Caledonia Mining's dividend payout ratio is currently 116.67%.
Institutional Investors Weigh In On Caledonia Mining
A number of institutional investors and hedge funds have recently modified their holdings of CMCL. Dimensional Fund Advisors LP boosted its holdings in Caledonia Mining by 18.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company's stock valued at $12,303,000 after acquiring an additional 86,575 shares during the period. U S Global Investors Inc. lifted its position in shares of Caledonia Mining by 115.7% during the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company's stock worth $5,688,000 after purchasing an additional 116,580 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Caledonia Mining by 1.2% during the second quarter. Geode Capital Management LLC now owns 205,326 shares of the company's stock worth $3,967,000 after purchasing an additional 2,463 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Caledonia Mining by 112.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company's stock valued at $4,378,000 after purchasing an additional 102,518 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of Caledonia Mining during the first quarter valued at $4,001,000. 31.78% of the stock is owned by institutional investors.
About Caledonia Mining
(
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Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company's flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.
Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.
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